The 'Lectric Law Library's Lexicon On
* General Average *

GENERAL AVERAGE - Ancient principle of equity in which all parties in a sea adventure (ship, cargo, and freight) proportionately share losses resulting from a voluntary and successful sacrifice of part of the ship or cargo to save the whole adventure from an impending peril, or extraordinary expenses necessarily incurred for the joint benefit of ship and cargo.

Need a Lawyer? Check Out The 'Lectric Law Library's Searchable Attorney Directory
& our Searchable Expert Witness Directory

Back To The Letter * G *

  The Lexicon's Lyceum Other Letters' Terms & Important Info.
  The Reference Room Dozens Of Legal Topic Areas
  The Rotunda Our central hub, Directory & Index Dazed and Confused? Try Searching the Library for what you want.
Type your words or term in the white box & poke "Do It"

Search by
	Web Search Search the Library

Court, Business and Personal Forms for all Situations and Locations

(This should open a new window. Close it when you're done and you may be back here.)